7 Shifts

OCTOBER 22, 2024

A smooth mobile experience keeps people engaged and leads to more online bookings. Claim and optimize your restaurant’s Google Business Profile The Google Business Profile is a simple yet powerful tool restaurant marketing strategy that can significantly drive more foot traffic and increase bookings.

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Book Marketing Reservations Blog 78

Revenue Hub

NOVEMBER 30, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

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Budgeting Pricing Accounting Article 98

STAAH

NOVEMBER 29, 2022

With the industry still recovering from the pandemic and inflation impacting both revenues and operational costs, what should budget 2023 consider? The unprecedented volatility has made the task of budgeting for 2023 daunting. Let’s look at a few areas you should think about when preparing the annual budget for your hotel.

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Budgeting Pricing Book Accounting 97

Revenue Hub

FEBRUARY 15, 2024

The traditional budgeting approach is proving increasingly inadequate in today’s fast-paced and unpredictable market, where traveler behaviors, economic conditions, and competitive landscapes can shift in weeks. They can quickly pivot strategies in response to market fluctuations instead of remaining bound to an outdated budget.

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Budgeting Article Pricing Marketing 109

7 Shifts

MAY 23, 2024

To help you survive and thrive, we've created a step-by-step and easy-to-follow restaurant budgeting guide. Table of Contents What is included in a restaurant budget? Why should you create a restaurant budget? Conclusion Frequently Asked Questions (FAQs) What is included in a restaurant budget?

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Revenue Hub

OCTOBER 6, 2023

NB: This is an article from Revinate Ever since the introduction of online travel agencies (OTAs) in the ‘90s, hoteliers have struggled to achieve the optimal distribution mix between OTAs and hotel direct bookings. The state of OTAs and direct bookings The pandemic transformed the booking behavior of today’s travelers.

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Book Communication Guest Satisfaction Article 109

HotelREZ

JANUARY 28, 2025

At HotelREZ, throughout our portfolio of more than 2,500 properties worldwide, we have identified the trends independent hoteliers can capitalise on to remain buoyant in the market: Capturing bookings improving cost of acquisition Online Hotel Booking Behaviours Online bookings are a key driver to securing occupancy and revenue.

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Travel and Tourism Book Budgeting Pricing 52

Revenue Hub

JULY 15, 2024

Perhaps you’ve found yourself wishing you had more direct bookings, but you’re unsure of how to get there. The article will answer key questions around enhancing direct bookings, boosting visibility on Google, improving overall ratings on booking platforms, managing guest reviews effectively, and evaluating the need for website optimization.

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Book Article Pricing Information 109

Hotelogix

APRIL 17, 2025

For small independent hotels, this essential function becomes all the more challenging due to limited staff, tighter budgets, and a lack of automation. One poor check-in experience can cost dozens of future bookings.

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Housekeeping Guest Satisfaction Maintenance Travel and Tourism 130

SiteMinder

SEPTEMBER 10, 2023

What is a hotel budget? A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services.

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Modern Restaurant Management

OCTOBER 1, 2022

Let’s look at low-budget restaurant marketing ideas to succeed in inflationary times. Three Tips to Promote a Restaurant on a Low Budget. Users should easily access the menu, book a table, and click on the phone number or other links without pinching. What you need is to have positive outcomes for every dollar spent.

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Marketing Budgeting Communication Information 203

Hotelogix

FEBRUARY 4, 2024

You can see which rooms are available, which are booked, and which guests are checking in and out. Accounting Managing your hotel's finances is essential, right? With hotel management software, you can streamline your accounting operations.  Accounts payable: With this feature, you can manage your accounts payable.

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Hotelogix

JULY 11, 2024

One major challenge is competing with bigger hotel chains with larger marketing and technology budgets. Additionally, independent hotel owners often find it difficult to access the same resources and budget that larger chains benefit from. They also struggle with rising operating costs, including utilities, maintenance, and staffing.

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Pricing Download Book Budgeting 130

The Restaurant Times

AUGUST 5, 2022

Restaurant accounting is an integral part of operating modern-day restaurants and ensuring consistent growth in the business. Typical accounting methods have not been able to cope with the fast-changing demands of the restaurant business. Benefits Of Restaurant Accounting. Efficient Budgeting. Informed Decision-Making.

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7 Shifts

JULY 10, 2020

Stay tuned for a few special tips from Melissa Bensky, one of Toronto’s most prolific foodgrammers with her account, @tastethesix. Set a budget ?? With your goal set, work backwards to determine your budget. When it comes to planning your schedule, you’ll want to work within your labor budget limits set above.

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Events Budgeting Reservations Scheduling 140

Revenue Hub

FEBRUARY 14, 2025

Hourly bookings are marketable to a variety of guests and increase hotel revenue by filling rooms that might otherwise go unsold. Hourly bookings can be lucrative and set your property apart from the competition. Hourly bookings can be lucrative and set your property apart from the competition. Shuffleboard, anyone?

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Book Travel and Tourism Article Events 65

Hotel Business

JULY 9, 2024

The solution also includes a booking engine and quotation tool to help event planners quickly find the space they need for their budget and requirements. These enhancements will streamline the group booking process, improve internal communication and ensure a more seamless experience for both hoteliers and their customers.”

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Accounting Communication Concierge Book 104

Revenue Hub

APRIL 3, 2024

The first reason why it may not be entirely beneficial for hotels to prioritize direct bookings over online travel agencies (OTAs) is that OTAs can provide the visibility needed, especially when it’s most crucial. The algorithm takes various factors into account, with one of the most important being the conversion rate.

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Reservations Book Document Article 109

Modern Restaurant Management

JUNE 24, 2021

Customers want the ability to order online, set up delivery, view seating, and book tables through the convenience of a mobile phone. The great news is that an effective digital marketing strategy can be designed and implemented to fit just about any marketing budget. Google Rankings and Google My Business.

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Marketing Communication Maintenance Budgeting 203

Social Hospitality

APRIL 7, 2025

Guests check reviews before they book. Every customer has a megaphone with the rise of social media, booking platforms, and review sites. Creating Positive Impressions To Boost Reviews Leaving a positive impression doesnt require a marketing strategy overhaul or a huge budget. Small touches often make the biggest difference.

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Revenue Hub

APRIL 22, 2024

Marketing’s purpose is to capture business that drives new and incremental bookings. The absence of marketing at key points in a traveler’s booking journey due to budget restrictions should be recognized for what it is—opportunity cost. So much so that OTAs have devoted huge chunks of their budgets to these channels.

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Budgeting Book Presentation Marketing 109

Hotelogix

OCTOBER 1, 2024

These platforms have become the go-to for many travelers, offering a simple and convenient way to book everything from flights to hotels. Whether it’s suggesting hotels based on your past bookings or offering deals that match your budget, personalization is critical. The best part? They’re available 24/7.

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Book Pricing Customer Service Budgeting 130

Revenue Hub

JANUARY 13, 2023

Like all businesses, you want your hotel to get the best return on its investment and ensure every penny of the hard-earned marketing budget is being spent well. PPC is an extremely effective channel for hotels to reach lots of new customers, and encourage direct bookings. Recommended ad budgets for hotels.

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Marketing Budgeting Pricing Book 98

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Or are you really putting your teeth into it and drilling down per segment, per channel, per account, and per day? I have to share with you a funny story to budgeting with you.

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Budgeting Marketing Blog Accounting 59

SiteMinder

MAY 12, 2023

What is hotel accounting? Hotel accounting is the process of recording and maintaining the financial records and performance of your hotel business. Good accounting makes the finances of your hotel easy to understand for management and other stakeholders – so they can make informed decisions. room sales).

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Accounting Document Maintenance Pricing 52

Hotelogix

APRIL 11, 2025

Understanding these taxes helps travelers budget more effectively and avoid surprises when they check out. These tools can automate the process, ensuring you account for any local nuances in tax regulations. Understanding how these taxes work is essential for effective budgeting and compliance. 

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Travel and Tourism Budgeting Information Events 100

Travel Booster

MAY 10, 2023

Are you tired of spending countless hours tracking down transaction records, trying to reconcile accounts, and manually generating financial reports? But fear not, intrepid travel agency, because we’re here to help you navigate the choppy waters of accounting software. The List of Best Accounting Software for Travel Agencies: 1.

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Accounting Book Information Customer Service 52

eZee Absolute

FEBRUARY 12, 2025

If you havent adjusted your pricing to reflect this surge, youre already missing out on premium bookings. Hotels that used eZee Mint AI during Coldplays concert optimized their pricing in real-time , ensuring they werent undercharging but also werent scaring away potential bookings. The same strategy can be applied to Ed Sheerans tour.

Pricing 52

Pricing Book Events Budgeting 52

7 Shifts

JULY 22, 2022

Schedule smarter, keep your labor budget in control, and ensure you have the right number of staff each day this summer, rain or shine. Your employees will also be able to view events on their mobile app, keeping them accountable and prepared for the day’s events. Manager Log Book. Assign Stations. Communications.

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Scheduling Document Special Events Communication 156

Revenue Hub

APRIL 8, 2024

Online travel agencies now account for over 35% of hotel bookings globally. The Expedia Group owns 400+ booking sites spanning 75 countries. The Expedia Group owns 400+ booking sites spanning 75 countries. Wielding unmatched reach and budgets, mega OTAs influence every stage of trip planning and booking.

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Book Accounting Article Pricing 109

Revenue Hub

APRIL 4, 2023

With limited budgets and resources, it can be challenging to compete with larger hotels and chains that have a more extensive marketing budget and reach. Make sure you have social media accounts set up, regularly updated with new content, and make sure your guests know where to follow you.

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Marketing Budgeting Book Accounting 98

Hotelogix

MARCH 21, 2025

Unlike EBITDA, EBITDAR accounts for one of the biggest expenses in the hospitality industry—rent. 👉 Read Also - How Google Calendar Simplifies Room Bookings? Unlike EBITDA, EBITDAR is not officially recognized under Generally Accepted Accounting Principles (GAAP). That’s exactly what EBITDAR does.

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Accounting Demo Marketing Blog 100

Hotelogix

OCTOBER 11, 2024

A no-show in the hotel industry occurs when a guest makes a reservation but fails to show up or cancel their booking in advance. Booking Mistakes: Sometimes, guests might accidentally double-book or forget about their reservation. This is especially important during peak seasons when every booking is essential.

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Reservations Guest Satisfaction Communication Book 130

Revenue Hub

OCTOBER 4, 2023

NB: This is an article from three&six , one of our Expert Partners Google Ads , a pivotal platform in the hotel marketing toolkit, provides a variety of attribution models to help hotels understand how their ads contribute to bookings. They illuminate the interactions and marketing channels that shape a guest’s path to booking.

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Marketing Book Article Budgeting 108

Serviced Apartments

OCTOBER 31, 2024

Reading Time: 7 minutes UK: UK Chancellor Rachel Reeves MP has delivered a Labour Budget for the first time in 14 years as the government warned of “difficult” decisions to “restore economic stability” and plug a £22 billion black hole in public finances that was estimated by the Office for Budget Responsibility [OBR].

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Budgeting Travel and Tourism Property Development Accounting 52

Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Our recent report into the hotel booking trends of Gen Z highlighted the significant growth, both in traffic (+189%) and transactions (+257%), among the 18-24 year old demographic during the pandemic. NB: This is an article from 80 Days.

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Marketing Accounting Book Article 98

7 Shifts

AUGUST 10, 2020

Document purpose, such as training materials, finance & accounting, scheduling, legal & compliance, mail and bills, etc. Don’t have the budget for any filing products? No need for an hourly deep clean of your entire office–just hold yourself accountable for reducing build-up where it’s not needed.

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